Shares of Maxar Technologies Inc. (NYSE:MAXR – Get Rating) have been given an average rating of “Hold” by the twelve analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $43.80.

MAXR has been the topic of a number of recent research reports. Morgan Stanley lowered their price target on shares of Maxar Technologies from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 14th. Robert W. Baird lowered shares of Maxar Technologies from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $45.00 to $53.00 in a research report on Monday, December 19th. Royal Bank of Canada restated a “sector performing” rating and set a $53.00 price target on shares of Maxar Technologies in a research report on Thursday, February 23rd. BMO Capital Markets boosted their price target on shares of Maxar Technologies from $27.00 to $53.00 and gave the stock a “market perform” rating in a research report on Monday, December 19th. Finally, Canaccord Genuity Group restated a “hold” rating on shares of Maxar Technologies in a research report on Friday, December 16th.

Insider Activity

In related news, SVP Jeff Robertson III sold 9,700 shares of the business’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $51.43, for a total transaction of $498,871.00. Following the sale, the senior vice president now owns 97,666 shares of the company’s stock, valued at $5,022,962.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed via this link. In other Maxar Technologies news, Director Howell M. Estes sold 1,500 shares of Maxar Technologies stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $51.28, for a total transaction of $76,920.00. Following the completion of the transaction, the director now owns 50,510 shares in the company, valued at $2,590,152.80. The sale was disclosed in a document filed with the SEC, which is accessible via this hyperlink. Also, SVP Jeff Robertson III sold 9,700 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $51.43, for a total transaction of $498,871.00. Following the completion of the transaction, the senior vice president now directly owns 97,666 shares of the company’s stock, valued at approximately $5,022,962.38. The disclosure for this sale can be found here. Insiders have sold a total of 130,037 shares of company stock valued at $6,695,135 over the last quarter. Corporate insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Maxar Technologies

A number of institutional investors have recently modified their holdings of MAXR. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Maxar Technologies by 2.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,050 shares of the company’s stock worth $572,000 after buying an additional 282 shares during the period. Amalgamated Bank raised its holdings in Maxar Technologies by 3.4% in the fourth quarter. Amalgamated Bank now owns 9,671 shares of the company’s stock valued at $500,000 after acquiring an additional 318 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of Maxar Technologies by 1.4% during the fourth quarter. SummerHaven Investment Management LLC now owns 30,735 shares of the company’s stock worth $1,590,000 after purchasing an additional 425 shares during the period. Keeley Teton Advisors LLC raised its holdings in shares of Maxar Technologies by 0.3% during the fourth quarter. Keeley Teton Advisors LLC now owns 194,232 shares of the company’s stock worth $10,050,000 after purchasing an additional 508 shares during the period. Finally, MetLife Investment Management LLC raised its holdings in shares of Maxar Technologies by 1.4% during the fourth quarter. MetLife Investment Management LLC now owns 39,171 shares of the company’s stock worth $2,027,000 after purchasing an additional 525 shares during the period. Institutional investors and hedge funds own 78.52% of the company’s stock.

Maxar Technologies Stock Down 0.0 %

Shares of NYSE MAXR opened at $50.66 on Wednesday. The company’s 50-day simple moving average is $51.25 and its 200-day simple moving average is $37.23. Maxar Technologies has a 52-week low of $17.51 ​​and a 52-week high of $51.93. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of -24.96, a price-to-earnings-growth ratio of 1.26 and a beta of 0.87. The company has a quick ratio of 0.76, a current ratio of 0.83 and a debt-to-equity ratio of 1.56.

Maxar Technologies (NYSE:MAXR – Get Rating) last announced its earnings results on Wednesday, February 22nd. The company reported ($1.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.41) by ($0.68). Maxar Technologies had a negative net margin of 9.35% and a negative return on equity of 4.45%. The company had revenue of $326.00 million during the quarter, compared to analyst estimates of $440.56 million. Equities analysts predict that Maxar Technologies will post 1.05 EPS for the current fiscal year.

Maxar Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.08%. The ex-dividend date is Tuesday, March 14th. Maxar Technologies’s payout ratio is currently -1.97%.

About Maxar Technologies

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Maxar Technologies Inc provides earth intelligence and space infrastructure solutions in the United States, Asia, South America, Europe, the Middle East, Australia, Canada, and internationally. It operates through two segments, Earth Intelligence and Space Infrastructure. The Earth Intelligence segment offers earth imagery and other geospatial data sourced from its advanced satellite constellation and third-party providers to public sector and enterprise customers, as well as a provides advanced geospatial information, applications, and analytic services for national security and commercial solutions.

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